Forrester Research Inc
Forrester Research, Inc. operates as an independent research and advisory company in the United States, Europe, the United Kingdom, Canada, Asia Pacific, and internationally. It operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research services include Forrester Decisions which are designed to provide business and technology leaders with a pr… Read more
Forrester Research Inc (FORR) - Net Assets
Latest net assets as of September 2025: $157.67 Million USD
Based on the latest financial reports, Forrester Research Inc (FORR) has net assets worth $157.67 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($414.18 Million) and total liabilities ($256.51 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $157.67 Million |
| % of Total Assets | 38.07% |
| Annual Growth Rate | 17.77% |
| 5-Year Change | 23.56% |
| 10-Year Change | 80.31% |
| Growth Volatility | 289.59 |
Forrester Research Inc - Net Assets Trend (1995–2024)
This chart illustrates how Forrester Research Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Forrester Research Inc (1995–2024)
The table below shows the annual net assets of Forrester Research Inc from 1995 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $229.54 Million | -4.47% |
| 2023-12-31 | $240.26 Million | +8.40% |
| 2022-12-31 | $221.66 Million | +8.70% |
| 2021-12-31 | $203.91 Million | +9.77% |
| 2020-12-31 | $185.77 Million | +17.51% |
| 2019-12-31 | $158.09 Million | +4.28% |
| 2018-12-31 | $151.60 Million | +7.37% |
| 2017-12-31 | $141.19 Million | -5.90% |
| 2016-12-31 | $150.04 Million | +17.86% |
| 2015-12-31 | $127.30 Million | -10.10% |
| 2014-12-31 | $141.60 Million | -30.81% |
| 2013-12-31 | $204.66 Million | -31.11% |
| 2012-12-31 | $297.07 Million | +2.18% |
| 2011-12-31 | $290.74 Million | +6.92% |
| 2010-12-31 | $271.91 Million | -12.83% |
| 2009-12-31 | $311.94 Million | +2.78% |
| 2008-12-31 | $303.50 Million | +10.36% |
| 2007-12-31 | $275.02 Million | +12.29% |
| 2006-12-31 | $244.91 Million | +23.22% |
| 2005-12-31 | $198.75 Million | -0.55% |
| 2004-12-31 | $199.85 Million | -4.07% |
| 2003-12-31 | $208.32 Million | -2.59% |
| 2002-12-31 | $213.87 Million | -2.96% |
| 2001-12-31 | $220.40 Million | +24.57% |
| 2000-12-31 | $176.93 Million | +124.53% |
| 1999-12-31 | $78.80 Million | +47.29% |
| 1998-12-31 | $53.50 Million | +32.10% |
| 1997-12-31 | $40.50 Million | +19.82% |
| 1996-12-31 | $33.80 Million | +1590.00% |
| 1995-12-31 | $2.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Forrester Research Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 8496.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $171.93 Million | 74.90% |
| Common Stock | $251.00K | 0.11% |
| Other Comprehensive Income | $-7.75 Million | -3.37% |
| Other Components | $65.10 Million | 28.36% |
| Total Equity | $229.54 Million | 100.00% |
Forrester Research Inc Competitors by Market Cap
The table below lists competitors of Forrester Research Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Li Peng Enterprise Co Ltd
TW:1447
|
$69.58 Million |
|
PTC India Financial Services Limited
NSE:PFS
|
$69.58 Million |
|
Kolmar Holding
KO:024720
|
$69.59 Million |
|
Cashbox Partyworld Co. Ltd.
TWO:8359
|
$69.69 Million |
|
Harel Insurance Investments & Financial Services Ltd
TA:HARL
|
$69.53 Million |
|
eGalax_eMPIA Technology
TWO:3556
|
$69.52 Million |
|
Haad Thip Public Company Limited
PINK:HAATF
|
$69.49 Million |
|
Toya SA
WAR:TOA
|
$69.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Forrester Research Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 240,265,000 to 229,537,000, a change of -10,728,000 (-4.5%).
- Net loss of 5,747,000 reduced equity.
- Share repurchases of 15,920,000 reduced equity.
- Other comprehensive income decreased equity by 3,175,000.
- Other factors increased equity by 14,114,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.75 Million | -2.5% |
| Share Repurchases | $15.92 Million | -6.94% |
| Other Comprehensive Income | $-3.17 Million | -1.38% |
| Other Changes | $14.11 Million | +6.15% |
| Total Change | $- | -4.47% |
Book Value vs Market Value Analysis
This analysis compares Forrester Research Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.51x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 23.59x to 0.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $0.26 | $6.17 | x |
| 1996-12-31 | $2.58 | $6.17 | x |
| 1997-12-31 | $2.31 | $6.17 | x |
| 1998-12-31 | $2.85 | $6.17 | x |
| 1999-12-31 | $3.93 | $6.17 | x |
| 2000-12-31 | $7.21 | $6.17 | x |
| 2001-12-31 | $9.22 | $6.17 | x |
| 2002-12-31 | $9.04 | $6.17 | x |
| 2003-12-31 | $9.12 | $6.17 | x |
| 2004-12-31 | $8.90 | $6.17 | x |
| 2005-12-31 | $9.09 | $6.17 | x |
| 2006-12-31 | $10.66 | $6.17 | x |
| 2007-12-31 | $11.59 | $6.17 | x |
| 2008-12-31 | $12.87 | $6.17 | x |
| 2009-12-31 | $13.63 | $6.17 | x |
| 2010-12-31 | $11.79 | $6.17 | x |
| 2011-12-31 | $12.55 | $6.17 | x |
| 2012-12-31 | $12.96 | $6.17 | x |
| 2013-12-31 | $9.58 | $6.17 | x |
| 2014-12-31 | $7.45 | $6.17 | x |
| 2015-12-31 | $7.02 | $6.17 | x |
| 2016-12-31 | $8.21 | $6.17 | x |
| 2017-12-31 | $7.74 | $6.17 | x |
| 2018-12-31 | $8.25 | $6.17 | x |
| 2019-12-31 | $8.55 | $6.17 | x |
| 2020-12-31 | $9.81 | $6.17 | x |
| 2021-12-31 | $10.53 | $6.17 | x |
| 2022-12-31 | $11.56 | $6.17 | x |
| 2023-12-31 | $12.48 | $6.17 | x |
| 2024-12-31 | $12.02 | $6.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Forrester Research Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.33%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 2.20x
- Recent ROE (-2.50%) is below the historical average (9.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 65.00% | 8.90% | 0.95x | 7.70x | $1.10 Million |
| 1996 | 11.83% | 16.00% | 0.44x | 1.68x | $620.00K |
| 1997 | 13.83% | 13.86% | 0.55x | 1.81x | $1.55 Million |
| 1998 | 14.02% | 12.18% | 0.61x | 1.88x | $2.15 Million |
| 1999 | 13.96% | 12.60% | 0.55x | 2.02x | $3.12 Million |
| 2000 | 12.22% | 13.75% | 0.52x | 1.72x | $3.92 Million |
| 2001 | 8.22% | 11.39% | 0.52x | 1.38x | $-3.92 Million |
| 2002 | 0.28% | 0.61% | 0.35x | 1.30x | $-20.80 Million |
| 2003 | 1.05% | 1.74% | 0.41x | 1.49x | $-18.64 Million |
| 2004 | 2.07% | 2.98% | 0.46x | 1.52x | $-15.85 Million |
| 2005 | 5.71% | 7.41% | 0.49x | 1.57x | $-8.53 Million |
| 2006 | 7.25% | 9.78% | 0.47x | 1.57x | $-6.73 Million |
| 2007 | 6.89% | 8.93% | 0.50x | 1.55x | $-8.56 Million |
| 2008 | 9.63% | 12.13% | 0.53x | 1.50x | $-1.13 Million |
| 2009 | 6.34% | 8.47% | 0.50x | 1.51x | $-11.42 Million |
| 2010 | 7.54% | 8.18% | 0.56x | 1.66x | $-6.68 Million |
| 2011 | 7.91% | 8.11% | 0.58x | 1.68x | $-6.06 Million |
| 2012 | 8.76% | 8.88% | 0.60x | 1.64x | $-3.68 Million |
| 2013 | 6.24% | 4.29% | 0.74x | 1.97x | $-7.69 Million |
| 2014 | 7.67% | 3.48% | 0.94x | 2.35x | $-3.30 Million |
| 2015 | 9.42% | 3.82% | 0.98x | 2.51x | $-734.20K |
| 2016 | 11.76% | 5.41% | 0.97x | 2.24x | $2.65 Million |
| 2017 | 10.72% | 4.48% | 0.98x | 2.44x | $1.02 Million |
| 2018 | 10.15% | 4.30% | 1.01x | 2.33x | $220.00K |
| 2019 | -6.05% | -2.07% | 0.72x | 4.04x | $-25.38 Million |
| 2020 | 5.38% | 2.23% | 0.70x | 3.47x | $-8.59 Million |
| 2021 | 12.18% | 5.03% | 0.73x | 3.34x | $4.45 Million |
| 2022 | 9.84% | 4.05% | 0.88x | 2.74x | $-359.60K |
| 2023 | 1.27% | 0.63% | 0.85x | 2.35x | $-20.98 Million |
| 2024 | -2.50% | -1.33% | 0.86x | 2.20x | $-28.70 Million |
Industry Comparison
This section compares Forrester Research Inc's net assets metrics with peer companies in the Consulting Services industry.
Industry Context
- Industry: Consulting Services
- Average net assets among peers: $104,394,670
- Average return on equity (ROE) among peers: 16.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Forrester Research Inc (FORR) | $157.67 Million | 65.00% | 1.63x | $69.55 Million |
| Acco Group Holdings Limited Ordinary Shares (ACCL) | $147.10K | 86.32% | 1.33x | $4.19 Million |
| American Diversified Holdings Corp (ADHC) | $-2.10 Million | 0.00% | 0.00x | $7.41 |
| Aeries Technology Inc. (AERT) | $-6.10 Million | 0.00% | 0.00x | $4.46 Million |
| American Education Center Inc (AMCT) | $1.22 Million | -103.83% | 5.10x | $3.39K |
| AMAYA Global Holdings Corp (AYAG) | $65.89 Million | 21.57% | 0.01x | $11.26 Million |
| Booz Allen Hamilton Holding (BAH) | $408.49 Million | 72.00% | 6.37x | $9.14 Billion |
| Broadcast Marketing Group Inc (BDCM) | $0.00 | 0.00% | 0.00x | $392.11 |
| BTS Group AB (publ) (BGPBF) | $580.55 Million | 16.90% | 1.11x | $296.77 Million |
| Blue Diamond Ventures Inc (BLDV) | $922.68K | 73.31% | 0.20x | $1.90 |
| Balance Labs Inc (BLNC) | $-5.07 Million | 0.00% | 0.00x | $6.49 Million |